RBI Forecasts 9.5 Per Cent Plunge In Real GDP In FY 2020-21, Rural Demand To Lead Recovery

As the economy somewhat stabilises after a 23.9 per cent plunge in the GDP in the April-June quarter marred by the nationwide lockdown, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (9 October) said that the deep contractions of Q1 are behind us and the real GDP may decline by 9.5 per cent in the financial year 2020-21.

Addressing the media after the Monetary Policy Committee’s meeting, the RBI Governor has said that the modest recovery in various high-frequency indicators in September 2020 could strengthen further in the second half of 2020-21 with progressive unlocking of economic activity.

“Agriculture and allied activities could well lead the revival by boosting rural demand, ” he added.

Das said that relative to pre-Covid levels, several high frequency indicators are pointing to the easing of contractions in various sectors of the economy and the emergence of impulses of growth.

“By all indications,

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T-Mobile is expanding its rural home internet service to 450 more areas



a cake sitting on top of a table: T-Mobile is bringing its LTE home internet service to more people. Angela Lang/CNET


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T-Mobile is bringing its LTE home internet service to more people. Angela Lang/CNET

T-Mobile has announced an expansion of its Home Internet pilot to 450 more areas, which it says covers 20 million households. The service uses T-Mobile’s 4G LTE network and was launched as an invite-only pilot in rural areas in March last year, with the carrier saying it’s now opening the service to non-T-Mobile customers.



a cake on a table


© Angela Lang/CNET


T-Mobile’s home internet service is $50 per month, with a no-cost hardware lease and no data caps.  

“We’re understanding this massive expansion … at a time when our connection to the Internet is so vital — for work, remote school, connection with family and friends,” said T-Mobile CEO Mike Sievert.

You can see a list of the new cities and towns online, but it’s now live in certain areas of 27 states.

Read more: 

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Trump Administration Invests $268 Million in Rural Water and Wastewater Infrastructure Improvements in 28 States

Projects Will Improve Rural Water Infrastructure for 267,000 Rural Residents and Businesses

WASHINGTON, Sept. 22, 2020 – The Trump Administration today announced that the United States Department of Agriculture (USDA) is investing $268 million to modernize rural drinking water and wastewater infrastructure across 28 states (PDF, 222 KB).

“Upgrading the infrastructure that delivers safe drinking water and modern wastewater management facilities will improve public health and drive economic development in our small towns and cities,” Deputy Under Secretary for Rural Development Bette Brand said. “Under the leadership of President Trump and Agriculture Secretary Perdue, USDA is a strong partner with rural communities, because we know that when rural America thrives, all of America thrives.”

Background:

USDA is funding 76 projects through the Water and Waste Disposal Loan and Grant Program. These investments will help to improve rural water infrastructure for 267,000 residents. For example:

  • The city of Greenville, Ill., will
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Trump Administration invests in Rural Kansas energy efficiency improvements

TOPEKA, Kan. (WIBW) – The Trump Administration has invested over $354,000 in energy efficiency improvements in Rural Kansas, helping 17 small businesses and agricultural producers lower their energy costs.



a close up of a newspaper: WIBW


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WIBW

The U.S. Department of Agriculture says its Rural Development State Director for Kansas, Lynne Hinrichsen, announced it is investing $558,552 in order to make energy efficiency improvements and reduce costs for farmers, ag producers and rural-based businesses and institutions in Kansas.

“By improving the energy efficiency of farms and businesses, energy expenses are decreased and new opportunities for improvement are created elsewhere,” said Hinrichsen. “Under the leadership of President Trump and Agriculture Secretary Sonny Perdue, USDA continues to be a strong partner to rural Kansas in building stronger and healthier communities through energy efficiency, because we know when rural America thrives, all of America thrives.”

The USDA said those receiving grants are as follows:

  • Conway
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Luna County shares in $9.75M for rural infrastructure improvements from state

SANTA FE – Luna County will benefit from the Lujan Grisham administration’s $9.75 million in essential infrastructure projects in rural communities all across New Mexico.



a car parked in a parking lot in front of a building: Testing for COVID-19 (coronavirus) is conducted statewide. The Luna County Health Office at 215 S. Silver Avenue is testing once a week by appointment. Call the office at 575-546-2771 (opt. 4) for an appointment.


© Bill Armendariz – Headlight Photo
Testing for COVID-19 (coronavirus) is conducted statewide. The Luna County Health Office at 215 S. Silver Avenue is testing once a week by appointment. Call the office at 575-546-2771 (opt. 4) for an appointment.

“We worked closely with our local Council Of Governments (COG) representative and applied for the Community Development Block Grant or CDBG. We had already applied for and were granted $750,000 through legislative capital outlay funding for the January 2020 session,” Luna County Manager Chris Brice told the Headlight on Tuesday.

“We used that funding as a match to apply for another $750,000 through CDBG. “The committee felt our project and application were exceptional and approved our CDBG project and funding in the amount of

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Unique architect design for this rural home in Derbyshire

A rural detached home surrounded by stunning surrounding countryside is on the market in Derbyshire.

The five-bedroom house is said to have an impressive architect design as it goes up for sale in Breach Lane, Foston, with a pricetag of £440,000.

It is being sold by Newton Fallowell and comes with extensive parking and large, but easy-to-maintain gardens.

The estate agent said: “Newton Fallowell is pleased to be able to offer for sale this individual rural detached home situated in a rural, yet convenient position.

“With both oil-fired central heating and double glazing, it must be viewed in order to appreciate the volume and quality of accommodation in offer.

“Quite simply a stunning competitively priced rural home.”

The home starts with an open canopied entrance and entrance hall, with a staircase rising to first floor with turned newel post and spindles.

The main reception room has double-glazed French doors opening

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